AGP Executive Report
Last update: 10 hours agoBinance Hack: The FBI blamed North Korea’s TraderTraitor unit for the $6.3 billion theft, the largest crypto exchange hack on record. TRM Labs says attackers prepared at least 36 hours in advance, then used pre-signed wallet authorizations to move funds across 10 blockchains in about 20 minutes. Customer Recovery: Binance says it has replaced 90% of the stolen assets with company funds and will cover the rest; it aims to resume withdrawals on Nov. 1, pending security checks. Market Pressure: Crypto lost about $360 billion in October as Bitcoin fell below $78,000, amid the hack, fund outflows and a broader tech-stock sell-off.
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